secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2026-08-31T20:04:45+00:00
Accession:  0001193125-26-376705
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Enterprises amends and restates $500M revolver, extends maturity to Aug 31, 2031
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- Fifth Amended and Restated Credit Agreement executed Aug 31, 2026; $500M revolving commitments unchanged.
- Maturity extended from Sep 27, 2028 to Aug 31, 2031; no borrowings or letters of credit outstanding.
- Facility fee set at 12.5 bps and participation fee at 112.5 bps as of Effective Date.
- Accordion option allows up to $300M in incremental commitments/term loans in $10M increments.
- Covenants: minimum interest coverage ratio 3.25x, maximum leverage ratio (debt-to-capital) 55%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000119312526376705/0001193125-26-376705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000119312526376705/wor-20260831.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-376705

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer